Stifel Financial Corp Cuts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Stifel Financial Corp trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,238 shares of the company’s stock after selling 3,489 shares during the period. Stifel Financial Corp’s holdings in Archer-Daniels-Midland were worth $12,799,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in Archer-Daniels-Midland by 15,790.1% during the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after purchasing an additional 7,549,083 shares during the last quarter. AQR Capital Management LLC grew its stake in Archer-Daniels-Midland by 73.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock valued at $170,960,000 after acquiring an additional 1,199,992 shares during the last quarter. FMR LLC increased its holdings in Archer-Daniels-Midland by 33.9% during the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after acquiring an additional 1,007,494 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of Archer-Daniels-Midland by 689.7% in the second quarter. AustralianSuper Pty Ltd now owns 1,008,242 shares of the company’s stock valued at $60,948,000 after purchasing an additional 880,564 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Archer-Daniels-Midland by 178.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 606,213 shares of the company’s stock worth $36,215,000 after purchasing an additional 388,433 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

ADM has been the subject of several research analyst reports. Barclays dropped their price target on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a research note on Wednesday, December 4th. Citigroup increased their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Morgan Stanley reduced their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Stephens assumed coverage on Archer-Daniels-Midland in a research report on Wednesday. They set an “equal weight” rating and a $55.00 price objective for the company. Finally, UBS Group increased their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $60.62.

Archer-Daniels-Midland Trading Up 1.7 %

Shares of ADM opened at $52.95 on Thursday. The stock’s 50-day moving average price is $54.86 and its 200 day moving average price is $58.80. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35. The firm has a market capitalization of $25.34 billion, a price-to-earnings ratio of 15.10 and a beta of 0.72.

Archer-Daniels-Midland declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.78%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 57.14%.

Archer-Daniels-Midland Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.